CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA’s proposed acquisition of Hardy, announced in March. The acquisition is expected to close by the end of the second quarter, subject to regulatory approvals.
CNA Chairman and CEO Tom Motamed expressed his delight that the deal was “moving ahead.” He described Hardy as a “specialized Lloyd’s underwriter with a respected brand and a long history of disciplined underwriting. The acquisition provides CNA with a key platform for expanding our global business and accessing the $35 billion Lloyd’s marketplace.”
Source: CNA
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
NAIC Says Data Taken in Hack Has Been Published Online 
Camp Mystic Seeks Bankruptcy to Settle Texas Flood Wrongful Death Claims 
